Jenny at FrugalGuruGuide
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Excellent post! I had lots of scholarships, plus I worked.
1 year, 3 months ago on 5 Ways to Avoid Debilitating Student Loan Debt
My grandparents left my parents an inheritance. My parents will leave us one about twice as big, maybe a bit more. I plan to leave my kids even more. Hopefully, I'll be well into retirement by the time my parents die, so I don't really see it as any kind of disincentive! I'm continuing to have kids later than my parents did, but that means what we leave will be split more ways, and with any luck, the youngest will be at least in his/her mid40s by the time we go.
But as far as STUFF, now... They certainly have less than most of the neighbors (most of whom have lower incomes than ours), and I think that's still probably too much. I'm not a big believer in giving kids too many things--it's easy to spoil them!
1 year, 3 months ago on You Want to Give Your Child The Best of Everything, But Should You?
@Philip Taylor @Jenny at FrugalGuruGuide I'll buy the car, though.
And that would be an AWESOME car for a teenager. From a parent's perspective, at least. :D
1 year, 3 months ago on 10 Shockingly Stupid “Money-Saving” Moments From TLC’s Extreme Cheapskates
Eh, 90% of it's probably fake. :) I don't believe that most of these people actually do a lot of these things!!!!
CSAs are more expensive than how I shop, but they are yummier for certain veggies.
1 year, 3 months ago on Save on Your Groceries with a CSA
My husband's term life insurance is through work and is at a very competitive rate--the very best rate for his age general offered. So it works for us!
1 year, 4 months ago on Is Life Insurance Through Your Employer Worth It?
I just assign a chore any time a child tells me that he or she is bored. i have the least bored kids in our county, I bet! :) We do also have activities in the summer, but the chore-for-bored system works GREAT.
1 year, 4 months ago on Keeping the Kids Busy this Summer on a Budget
I buy ahead for many gifts to get the best deal.
1 year, 4 months ago on Cheap Gift Ideas
I don't do things that will set me back--I budget for "splurges," too. But of course, if you are paying off debt, you really don't have a splurge budget, per se.
1 year, 4 months ago on 3 Questions To Ask Yourself When It Comes to Splurging
I learned web design because I couldn't afford to hire someone! It's definitely paid off.
1 year, 4 months ago on 3 Painless Ways to Be Frugal
I'm putting a WHOLE lot more than a dollar a day toward the kids' college funds at the moment. :) That's what they're getting for the time being!
1 year, 4 months ago on How to be a savvy saver
Of course, if you can get it, and internship in your field is the best of all. They're much harder to snag these days, though.
1 year, 4 months ago on Students, Get Ahead by Getting a Job This Summer
@Philip Taylor @Jenny at FrugalGuruGuide The 4% rule does. Your calculator does not. You're asking people to decide how much they want to retire on, in absolute $, not in inflation-adjusted dollars. If the next 30 years are like the last 30, $40k in the future is like $17k now. So retiring on $50k a year is suddenly far less appealing.
1 year, 4 months ago on How to Retire Early – Let’s Run the Numbers
This doesn't take inflation into account! You have to factor that in, too.
We've never had enough stuff for a garage sale! We donate a few bags of stuff a year, and it never builds up. We'll have enough for a garage sale when we're done having kids, though,
1 year, 4 months ago on How to Prep for a Garage Sale
Building an emergency fund should be a priority if you find yourself having to use a title loan service!
1 year, 4 months ago on Can Title Loans Really Help Someone in need ?
I'm not tied to our location, but my husband is, so that pretty much decides it! We could have a MUCH larger house for MUCH less money elsewhere.
1 year, 4 months ago on Home Ownership–Would You Move to a Lower Cost of Living Area?
Great suggestions! Between allergies and not being willing to do the extra ironing, the line drying is out for me, but the rest are great.
1 year, 4 months ago on Savvy Money Tips That Will Work For Anyone
@KC Beavers Actually, if you're following Mel Bartholomew's Square Foot Garden method, it will take a MINIMUM of five years to break even, and even longer if you buy plants rather than starting your own seeds.
The Amish farmers up the road are growing in the ground!
1 year, 4 months ago on How to Save Money on Food With These 5 Tips
Washing in cold water uses VERY little electricity. Run full loads, and the $.25 you spend will be worth WAY more than the hour and a half of your time it would take to wash it all by hand.
We set reasonable budgets on everything and stick to them. We don't need to go to extremes because we don't have debt aside from a mortgage and we live beneath our means.
1 year, 4 months ago on How To Save Money Fast
I usually just run. :) I lost all the weight from babies 1 & 2, but I'm a week from my due date with #3 now.
1 year, 4 months ago on Three Safe Mom Workouts that Are Worth the Money
If you want to save for a house while renting, I'd suggest going quite a bit lower than 30% of income so that you can use the rest of your housing cushion for savings. :)
1 year, 5 months ago on Tips For Finding an Apartment
Growing it yourself can actually be as expensive as buying it in the store--it all depends on how you go about it! Fancy raised beds and an expensive planting mix make start up costs very high.
1 year, 5 months ago on How to Save Money on Food With These 5 Tips
Sounds like a blast!!! We don't do stuff like that right now because it's much LESS fun with very small children, but I used to when I was a kid.
1 year, 5 months ago on Going on a Cross Country Road Trip? Check These Apps Out
Don't forget fellowships and teaching assistantships. Many majors have opportunities for free grad school through one or the other.
1 year, 5 months ago on How to Pay for Grad School
Not all who have trusts are wealthy! The only person I've known for sure to have a trust in the real world was a school teacher. In today's money, the trust yielded about $20k a year. :) So it definitely was NICE and boosted the teacher's salary, but it wasn't life-changing.
I suspect that most trust recipients are the same....
1 year, 5 months ago on What is a Trust Fund?
If you think you will have a fairly high income later, a Roth IRA can be a better idea than a traditional because it leaves the opportunity open for back-door Roth funding later.
1 year, 5 months ago on 3 Smart and Simple Ways to Start Investing
Add an HSA, and it could be the best thing you've ever done for your health. You can invest the money in an HSA and let it grow tax-free for years--if you don't have a serious illness until you are 60, the money will still be there, waiting for you. It's the best deal in healthcare that you can get right now.
1 year, 5 months ago on Catastrophic Health Insurance: Is it right for you?
There are a lot of fake "make money online" site out there. A good way to find real tutors (beyond your great list!) is to look for sites as if you want to BE tutored, then look for how to apply as a tutor. :) It sounds backward, but it weeds out all the scams!
1 year, 5 months ago on How to Make Money With an Online Tutoring Job
"Then on the other side of things I have seen a number of businesses not set up any type of legal structure and pay for it later."
A sole proprietorship requires no special legal structure.
"4. Register with the government:
When setting up a company, one must deal with the government. For starters, the new business must register their DBA with the state and county governments in most areas. Next, it is often wise for the business owner needs to get a tax identification number from the IRS."
If you don't take payments in your company's name, you don't need a DBA as a sole proprietorship. If you are an LLC or an S Corp, you will have an actual legal structure and will not have a DBA. Also, you only have an EIN if you are an LLC or S Corp. (Or C Corp, but that's not likely.) Otherwise, you use your own SSN/TIN.
1 year, 5 months ago on How to Start Your Own Business in 10 Steps
We saved enough for a downpayment for a house a YEAR after graduating from college! How did we do it? Well, I was debt-free, and my husband's parents actually paid for all his (in-state, with discounts because his father was employed by the system) college, so he got to keep his internship money, so he was BETTER than debt-free. That helped a lot. We also owed nothing on our ancient used cars.
Then we just lived as if we were still desperately broke. Our apartment cost only $475 a month--this was only 11 years ago! We did eventually spring for master bedroom furniture, after the futon got old. And we lived in a relatively inexpensive area and looked for the best possible deal--we actually ended up paying about $60/sqft!
The whole living-like-broke thing wasn't really a part of a deliberate plan. We were just still in the clenched-up, can't-afford-anything mode from college. It took years to relax! When I realized I LITERALLY had no decent clothes left, having worn through them all, I decided that balance was definitely a better approach. :)
1 year, 5 months ago on How to Save Money for a House
Squash in season is very cheap. Broccoli is pretty cheap. Chicken is inexpensive when bought on a deep discount, as is ham. Onions, potatoes, carrots,and turnips are cheap, too. Don't forget bananas!
Around here, spinach is VERY pricey most of the time. Kale is cheap, but you have to cook it. Apricots/plums/peaches are cheap in season only.
1 year, 5 months ago on Cheap Healthy Foods